Job Description

Senior Product Manager Digital : Role Overview: The SeniorProduct Manager will play a pivotal role in driving the execution andenhancement of digital life insurance products. The individual will beresponsible for end-to-end product lifecycle management, including ideation, development, regulatory compliance, go-to-market strategies, and performancetracking. The role demands a mix of strategic thinking, execution capabilities, and leadership skills to manage a team of Associate Product Managers whileworking cross-functionally with key stakeholders such as technology, compliance, sales, and marketing teams. The roleholder will focus on ensuring that digital insurance products arecustomer-centric, compliant with IRDAI regulations, and aligned with thecompanys business objectives. KeyResponsibilities: 1. DigitalProduct Strategy & Development Define and execute the roadmap for digital life insurance products in alignment with business goals. Lead product conceptualization and design based on market trends, customer needs, and competitor benchmarking. Collaborate with actuarial, underwriting, and IT teams to develop innovative digital insurance solutions. Drive continuous product improvements based on data insights, customer feedback, and industry best practices. 2.Regulatory & Compliance Management Ensure all digital insurance products comply with IRDAI guidelines and other regulatory requirements. Lead regulatory documentation and filings, coordinating with compliance and legal teams. Keep up to date with regulatory changes and ensure timely adjustments to product strategies. 3. DigitalExecution & Technology Integration Work closely with IT and digital teams to ensure smooth integration of insurance products on digital platforms (website, mobile app, APIs, and partner platforms). Ensure system readiness and conduct UAT (User Acceptance Testing) before product launches. Lead initiatives for process automation, digital underwriting, and seamless policy issuance. 4. TeamLeadership & Mentorship Manage and mentor a team of 1-2 Associate Product Managers, guiding them in product execution and stakeholder collaboration. Provide direction and training to junior team members, fostering a culture of innovation and accountability. Ensure timely completion of tasks assigned to the team and drive their professional growth. 5. Market & Competitive Intelligence Conduct in-depth market research to identify gaps, opportunities, and evolving consumer needs. Analyze competitor products, pricing strategies, and digital innovations to maintain a competitive edge. Work with analytics teams to track product performance, customer engagement, and policy issuance metrics. 6. Sales & Distribution Enablement Support sales and distribution teams by providing product training, sales tools, and marketing content. Work closely with marketing to ensure optimal product positioning and digital campaigns. Monitor product sales performance and suggest improvements for enhanced customer acquisition. 7.Customer Experience & Digital Innovation Ensure seamless and intuitive customer journeys for digital life insurance products. Collaborate with UI/UX and technology teams to optimize digital touchpoints, reducing drop-offs in the purchase journey. Identify opportunities to integrate AI/ML, automation, and other digital innovations for better product delivery. KeyQualifications & Skills: EducationalQualifications: Bachelor's degree in Business, Finance, Insurance, Technology, or related fields. MBA (preferred) or certifications such as LOMA, Actuarial, CFA, or Digital Product Management are an added advantage. Experience: 6-10 years of experience in product management, digital insurance, or life insurance operations. Strong exposure to regulatory filings, digital product execution, and stakeholder management. Prior experience in managing a team is preferred. Technical & Functional Skills: Expertise in life insurance products, IRDAI regulations, and digital platforms. Strong understanding of digital ecosystems, including APIs, fintech integrations, and digital sales journeys. Proficiency in data analysis (Excel, SQL, or analytics tools preferred) to drive product decisions. Experience in working with technology teams for digital product launches. BehavioralCompetencies: Strong leadership and stakeholder management skills. Excellent problem-solving and decision-making abilities. Ability to work in a fast-paced, execution-heavy environment. Strong communication and collaboration skills to work across functions.